Monday, January 14, 2008

Picatinny Federal Credit Union Names Darling CEO

Picatinny CEO Bill Darling
ROCKAWAY, NEW JERSEY – Joe Shiposh, Chairman of the Board of Directors of Picatinny Federal Credit Union, has announced that Bill Darling has been named Chief Executive Officer.

Picatinny Federal Credit Union is a not-for-profit, member owned, full service financial institution based in Rockaway, New Jersey.

Darling, a Certified Treasury Professional (CTP) with extensive experience in the banking and financial industries, joined the credit union in January 2001 as Service Manager.

“I’m very excited,” said Darling. “It’s a great opportunity for me, and I look forward to leading the company into the future.”

Darling noted that the Credit Union has an ambitious plan for the future, with branch expansion, increased membership, and a commitment to the Morris County community among its goals.

Picatinny Federal Credit Union currently has three branches, one at Picatinny Arsenal, another in the ITC Crossing shopping complex in Mount Olive, and its main office in Rockaway, across from the Rockaway Mall.

In 2005, the Credit Union earned a Community Charter that allows it to offer services to anyone living, working, worshipping, or attending school in Morris County.

“There is a lot of competition out there,” acknowledged Darling “While many organizations in the Financial Services Industry looked for short cuts to build success in 2006 and 2007, including offering sub-prime loans, we did not. Picatinny Federal Credit Union has stuck to our core beliefs and strategies and continued to develop quality relationships with our members, while meeting proper safety and soundness requirements and thresholds. We work to provide very competitive products and services that help our members meet their financial needs in legitimate and meaningful ways.”

Bill Darling, who lives in Wharton with his wife Darlene and their three children, earned a BS degree in Economics from Quinnipiac University in Connecticut. He previously worked for Sovereign Bank and the Bank of New York.

Picatinny Federal Credit Union was established in 1939 at Picatinny Arsenal, Dover, New Jersey.

The Credit Union started as a small financial institution offering basic savings accounts to civilian members and later included both active and retired military personnel.

Today, Picatinny Federal Credit Union offers a full spectrum of key financial services such as savings, checking, money markets, IRAs, loans and on-line banking with free bill payer.

For over sixty five years, Picatinny Federal Credit Union has been committed to its members’ needs above all else. The Credit Union currently has over 15,000 members, with total assets exceeding $200 million.

To learn more about Picatinny Federal Credit Union, visit >>

For additional information contact:
Tom Quigley
(973) 361-5225


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